Fiduciary Trust Co Sells 811 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Fiduciary Trust Co lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,547 shares of the basic materials company’s stock after selling 811 shares during the period. Fiduciary Trust Co’s holdings in DuPont de Nemours were worth $728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 21,435 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in DuPont de Nemours by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,018 shares of the basic materials company’s stock valued at $993,000 after purchasing an additional 321 shares during the last quarter. Czech National Bank boosted its stake in DuPont de Nemours by 6.6% during the 4th quarter. Czech National Bank now owns 90,621 shares of the basic materials company’s stock valued at $6,910,000 after purchasing an additional 5,573 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at $249,000. Finally, Trust Co. of Toledo NA OH boosted its stake in DuPont de Nemours by 4.4% during the 4th quarter. Trust Co. of Toledo NA OH now owns 18,973 shares of the basic materials company’s stock valued at $1,447,000 after purchasing an additional 792 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $66.77 on Monday. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The stock’s fifty day moving average is $68.36 and its 200 day moving average is $75.93. The stock has a market cap of $27.94 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm earned $0.79 EPS. DuPont de Nemours’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.46%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Mizuho dropped their price target on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.07.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.